Business News
LPEI Drives East Java's Home Decor and Crackers Products to Penetrate Export Markets
Indonesia Eximbank (LPEI), in collaboration with the East Java provincial government, has established three new Devisa Villages clusters in Bojonegoro and Gresik focusing on home decor, rattan products, and crackers. LPEI's program entails mentoring and training for 640 artisans from 22 villages in Bojonegoro and Gresik, encompassing three Devisa Village…
Expand Export Opportunities: 10 Local Handicraft SMEs Showcase in Germany
The Ministry of Industry is actively supporting the development of the halal industry in Indonesia to enhance competitiveness and tap into global markets. With Muslims in Indonesia spending USD 184 billion in 2020, projected to increase by 14.96% to USD 281.6 billion by 2025, the country holds the title of…
The Ministry of Industry Endeavors to Develop the National Halal Industry
The Ministry of Industry continues its efforts to develop the halal industry in Indonesia. The domestic market indicates that Indonesian Muslims spent USD 184 billion in 2020, projected to increase by 14.96% in 2025 to USD 281.6 billion, making Indonesia the world's largest halal market with an 11.34% share of…
The Investment Potential of Bioeconomy in Indonesia Could Reach USD 45.4 Billion
The future holds substantial market potential for the downstreaming and development of nature-based or bioeconomy products, projected to contribute up to 37% to the emissions reduction needed for limiting global warming to 1.5 degrees Celsius. Investments in these innovations are expected to reach USD 1.8 trillion between 2020 and 2030,…
